U.S. Bancorp $USB Shares Bought by DMKC Advisory Services LLC

DMKC Advisory Services LLC lifted its position in shares of U.S. Bancorp (NYSE:USB) by 34.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,635 shares of the financial services provider’s stock after acquiring an additional 30,527 shares during the quarter. U.S. Bancorp accounts for approximately 2.8% of DMKC Advisory Services LLC’s investment portfolio, making the stock its 11th biggest holding. DMKC Advisory Services LLC’s holdings in U.S. Bancorp were worth $5,364,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Pure Financial Advisors LLC raised its holdings in U.S. Bancorp by 3.8% in the 2nd quarter. Pure Financial Advisors LLC now owns 7,815 shares of the financial services provider’s stock worth $354,000 after purchasing an additional 287 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in U.S. Bancorp by 78.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,146,871 shares of the financial services provider’s stock valued at $51,896,000 after acquiring an additional 503,223 shares during the period. BSW Wealth Partners grew its stake in U.S. Bancorp by 7.4% in the 2nd quarter. BSW Wealth Partners now owns 7,690 shares of the financial services provider’s stock valued at $348,000 after acquiring an additional 530 shares during the period. Woodward Diversified Capital LLC grew its stake in U.S. Bancorp by 78.3% in the 2nd quarter. Woodward Diversified Capital LLC now owns 12,654 shares of the financial services provider’s stock valued at $573,000 after acquiring an additional 5,555 shares during the period. Finally, New Wave Wealth Advisors LLC lifted its holdings in U.S. Bancorp by 14.4% during the second quarter. New Wave Wealth Advisors LLC now owns 5,615 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 707 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on USB. Wall Street Zen raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Morgan Stanley set a $56.00 price objective on U.S. Bancorp and gave the stock an “equal weight” rating in a research note on Monday. The Goldman Sachs Group boosted their price objective on U.S. Bancorp from $41.00 to $46.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 10th. Citigroup lifted their price target on U.S. Bancorp from $59.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Finally, Evercore ISI lifted their price target on U.S. Bancorp from $49.00 to $54.00 and gave the stock an “in-line” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, U.S. Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $53.26.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock opened at $47.87 on Thursday. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The company has a market cap of $74.50 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 1.51 and a beta of 1.06. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81. The business’s 50 day moving average price is $47.54 and its 200 day moving average price is $44.48.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.04. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The business had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same period last year, the company earned $0.98 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, research analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.3%. The ex-dividend date is Tuesday, September 30th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.50. U.S. Bancorp’s dividend payout ratio (DPR) is presently 49.76%.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the business’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $46.34, for a total value of $1,099,509.18. Following the transaction, the executive vice president directly owned 70,346 shares in the company, valued at $3,259,833.64. The trade was a 25.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.23% of the stock is owned by insiders.

U.S. Bancorp Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.